BTC 3-hour forecast. Machine learning.

3 thg 10, 2018

Dear colleagues and followers,

We at Osiris Finance value your feedback and would like thank you for all your interaction with our posts . We keep working hard to make our systems even more balanced and sophisticated to keep producing more accurate up-to-date forecasts to use in trading or research.

This morning, it was reported that during the past two days, we mostly saw range moves below the $6,700 resistance in bitcoin price against the US Dollar. The BTC/USD pair recently faced an increased selling pressure and declined below the $6,540 support. The price even settled below the $6,500 support and the 100 hourly simple moving average. It seems like buyers failed to gain traction above the $6,620 level, resulting in a bearish break. (Source: newsbtc.com/2018/10/03/bitcoin-price-watch-btc-usd-breakdown-below-6520-looks-real/)

We already reported that Coinbase, one of the largest crypto exchanges, has announced a plan to “rapidly add” new assets to its system through open applications by sharing an online form, which has to be submitted by the projects who desire to list themselves on Coinbase. Recently it was announced that Tiger Global, a U.K. hedge fund that invests mostly in global consumer brands, is reportedly considering a $500 million investment in Coinbase, which would boost the startup’s valuation close to $8 billion and strengthen the cryptocurrency market’s legitimacy, according to sources that spoke to Recode. The investment would make Coinbase one of the highest valued U.S. startups. (Source: ccn.com/coinbase-will-achieve-8-billion-valuation-following-hedge-fund-investment-report/)

Australian cryptocurrency payments startup Travelbybit has seen a cash injection of $2.5 million from a high-profile investor in Binance, the world’s largest cryptocurrency exchange, for further expansion of the its' network of cryptocurrency payment terminals following a successful implementation in Brisbane earlier this year, Business Insider Australia reported on Wednesday. The two companies will jointly collaborate in introducing a point-of-sale system – already developed by TravelbyBit – into “major airports around the world,” the report added. The objective is to propel cryptocurrency adoption among travelers who commonly see friction in currency conversion and other markup fees. (Source: ccn.com/2-5-million-binance-invests-in-aussie-crypto-payments-startup-to-push-adoption/)

The following is a scheduled notification from the Osiris team. Our models have been working hard and smart on forecasting the market, and here are the most up-to-date predictions for the next 3 hours:

As usual, red, green and blue rectangles demonstrate predicted values of low, high and close, respectively, with corresponding confidence intervals, and the black arrow illustrates our trades.

Pair: BTC/USD
High: 6519.5
Low: 6457.9
Close: 6457.9

According to our machine learning models, the system has recommended not to trade within this three-hour period.

Thank you for staying in touch. We are looking forward to your feedback and any suggestions here at TradingView.